This week our team found ourselves in an oddly unsettling position as we had previously been taken over and now our parent firm had also been taken over. We didn’t know how we should approach the situation and how each action would affect us. Initially we were hesitant to go forward in an alliance of sorts with the new firm as the takeover was hostile. They did not communicate anything with us, we did not know what their motives were and the impacts they would have on our firm. Were they going to suck us dry and dump us or were we to work together and divulge our strategies and our biggest concern is what the plan was with this ‘superteam’ and how we were going to work together. The problem for us was figuring out what the best way to approach the situation and which outcomes were possible.
We thought that maybe the parent company would sell us so that we could gain control of our finances again as the best outcome for us and wondered if asking for that to happen was a good idea. Another option was to meet with the other two teams and come up with a group strategy to dominate the market without us stepping on each other’s toes. And finally the third was to throw our performance and drag the two firms into the ground with us. Seeing as we were such a good investment for our parent firm and they had already made huge returns since acquiring us they wanted to keep us in their books.
We decided the best idea would be to meet all together and come up with complementary strategies in order for us all to flourish. Communication was key as it kept everyone up to date and on the same page so that we did not hinder each other’s performance. Considering what was the best possible outcome for us knowing what the parent company would do allowed us to work together with the parent company. This action worked because all three of our firms increased in SHV significantly and produced a lot of profit our dog was happy again and we are in a good position to continue doing well. Next rollover if we continue to work together the combined efforts of all of us will hopefully dominate the market and reap the rewards.